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2� 1 �� 1388
<br /> DEED �F TRUST
<br /> �Continued� Page 4
<br /> any proceeding or pur�hase in lieu of candemnation, Lender may at its election require that all ar any portion of the
<br /> net proceeds o� the award be applied tv the lndebtedness or th� r�pair or restoration o� the Property. Th� net
<br /> praceeds o�the award shall mean rhe award a�ter paym�nt o�a�� reasanahle costs, expenses, and attorneys' fees
<br /> incurred by Trus�ee or Lender in connection with the condemnatian.
<br /> 1MP�51Ti�N �F TA�ES, FEES AND CHARGES BY GQVERNMENTAL AUTHDR1TlE5. The following pro�isions re�ating
<br /> ta go��rnmental�axes, fees and charges are a part o�this Deed o�Trust:
<br /> Curr�n#Taxes, Fees and Charges. Upon request by Lender, Trustor shall execute su�h dv�um�nts in addition to
<br /> �his ❑eed of Trus�and take whate�er other action �s reques�ed by Lender to per�ecfi and con�inue Lend�r's l�en vn
<br /> �he Real Proper�y. Trustor sha[[ reimburse Lender far ali �axes, as descri�ed belaw, toge�her with a�! expenses
<br /> incur�ed in recording, per�Fecting vr continuing th€s De�d o� T�ust, including without �imi�ation aff taxes, fees,
<br /> documentary s�amps, and other charges�o�recvrd�ng❑r reg�stering this Deed of Trus�.
<br /> Tax�s. The following sha[[ constitut� taxes to which this sectian applies: ��� a speci�Fic tax upan this type of
<br /> Deed of Trus� or upon a�l ar any part v� the Inde�tedness secured by this Deed afi Trust; �2� a spe�ific tax on
<br /> Trustor which Trust�r is autharized or required �o ded�cr from payments an�he �ndeb�edness secured by this type
<br /> of Deed of Trust; �3j a �ax on�his�ype of Deed o�Trust chargeable agains�the Lender or the hold�r v�the Nvte;
<br /> and �4} a spe�ific tax on a�i vr any portion o��the lndehtedness �r on payments of principal and interest made by
<br /> Trustor.
<br /> Subsequen� Taxes. ff any tax �o wh�ch this se�tifln appiies is enacted subsequen� to the date o� th�s Deed of
<br /> Trust, this e�ent shaff ha�e �he same e��ect as an Even� a� ❑efaul�, and Lender may exercise any or all of i�s
<br /> a�ailable remedies for an E�ent o� De�ault as pra�ided �e1aw unless Trustor eirher {'�� pays the tax befor� i�
<br /> becvmes delinquent, or ��y �antests �he �ax as pra�id�d abo�e in the Taxes and Liens sectivn and deposits wi�h
<br /> Lender cash or a sufficient corparate surety b�nd or ather secur�ty satisfac�tory to Lender.
<br /> SECURIT�f AGREEMENT; FINANCING STATEMENTS. The fal�owing pra�isions relating �o �his Deed �f Trust as a
<br /> security agreement are a part af this Deed o�Trust:
<br /> 5e��rity Agreement. This ins�rument shal[ c�nstitut� a Security Agreement to the extent any of the Prope�ty
<br /> cnnstitutes �ixtures, and Lender shall ha�s all vf th� rights ��a s�cured party under the uniform Commercial Code
<br /> as am�nded fram�ime�❑�ime.
<br /> Se�uri#y interest. Upon reques� by Lender, Trustor shaff take whate�er action is requested by Lender to per�e�t
<br /> and �ontinue Lender�5 SLCLi1"I�}I interes� in the Rents and Personal Property. In additian to recording this Deed of
<br /> Trus� in the real property records, Lender may, at any �ime and without �urth�r authorization from Trustar, �i�e
<br /> execu�ed �ounterparts, copies or reproduc�ions of this Deed of Trust as a �financing statement. Trustar sha��
<br /> reimburse Lender for a�� expenses incurred in perfec�ing ar con�inuing this security interest. Upan default, Trustor
<br /> shall nat remo�e, se�er ❑r detach the Persanal Proper�y �rvm the Property. llpon de�Fau�t, Trustor shall assembl�
<br /> any Personal Property not a��ixed to the Property in a manner and a�a place reasonably �on�enient ta Trus�vr and
<br /> Lender and make it a�ai[af�(e to Lender within three �3� days after receip� af wri��en demand from Lender to the
<br /> extent permi��ed by app[�cab[� law. �
<br /> Addresses. The mailing address�s o� Trustar {dehfiar3 and Lend�r �secured partyy fram which �n#ormation
<br /> ��ncerning the security interest granted by �his Deed a#Trust may be vhtained �each as required by �he Unifarm
<br /> Comrnercia! Code� are as s�a�ed on the first page v�F this Deed of Trust.
<br /> FURTHER A55URANCES; ATTQRNEY-�N-FACT. The following pro�isions r�lating to �urther assurances and
<br /> attorney-in-fac�ar� a pa�t o�this Deed of Trust:
<br /> Further Assurances. At any �ime, and fram time t❑ time, upvn reques�of Lender, Trustar wil� mak�, exe�ute and
<br /> deli��r, vr will cause ta �e made, ex�cut�d or de�i�ered, ta Lender ar to Lender`s designee, and wh�n requested by
<br /> Lender, cause to be �iled, recorded, retiled, or rerecarded, as the �ase may be, at such times and in such vffices
<br /> and places as Lender may deem appropriate, any and a!! such mortgages, d�eds af trus�, seCuri-�y deeds, security
<br /> agreements, financing s�a�emen�s, �ontinuatian staternents, instrum�nts c�� �urfiher assurance, certificates, and
<br /> ❑th�r dacuments as may, in the sale opinion of Lender, be necessary or desirab{e in o�der to effec�uate, compfete,
<br /> perfecfi, �antinue, o� preser�e {�� Trus�vr's ❑bliga�ions under the N�te, this Deed o� Trust, and the R�lated
<br /> Doc�ments, and ��� the liens and security in�erests crea�ed by this Deed vf Trust as �irst and priar liens on the
<br /> Property, whether naw owned a� hereafter acquired b� Trustor. Unless prohibited hy law vr Lender agrees to the
<br /> contrary in writing, Trustor sha(i reimburse Lender for all Ca5�5 and expenses �ncurred in connection with the
<br /> matters referred�o in this paragraph.
<br /> Attorney-in-Fact. if Trustor fails to do any of the things re�er�ed �o in the preceding paragraph, Lender may da so
<br /> #or and �n the name af Trus�vr and a�Trustor's expense. F�r such purposes, T�ust�r hereby irre�o�ably appoints
<br /> Lend�r as Trustor's attorney-in-fac�for�he purpose of making, executing, d�fi�ering, fi�ing, recording, and d�ing al�
<br /> other things as may be necessary or desirable, in Lender`s svle opinion, to accomp[�sh the matters referr�d to in
<br /> the preceding paragraph.
<br /> FULL PERF�RtVtANCE. If Trust�r pays a[[ the Indebtedness, including without limitation all future ad�ances, when due,
<br /> and atherwise perfiorms all �h� obligati�ns imposed upon Trustar under th�s Deed o� Trust, Lender shall �xecute and
<br /> deli�er to Trustee a reques� for full recon�eyan�e and shall �xecute and de�i�e� to Trustor sui�able statemen�s of
<br /> terminatian of any �inancing statemen� on file evidencing Lender's security infierest in the Rents and the Persona�
<br /> Proper�y. Any recanveyance fee required by law shall be paid by Trust�r, if p�rmitted by app�icable law.
<br /> EVENTS UF DEFAULT. Each o�the following, at Lender`s vption, shall cans�i�ute an E�ent o� De�auft under this Deed
<br /> o�Trust:
<br /> Payment Default. Trus�or fails�o make any paym�nt when due under the Inde�tedness.
<br /> Dthe� Defau[ts. Trustor fails �o comply wi�h �r to perform any ather term, obligation, co�enant or cond�tion
<br /> cantained in this Deed o� Trus� or in any vf the Related Documents �r t� campiy with o� to perform any term,
<br /> obligation, co�enant�r condition contained in any o�her agreemen�h��ween Lender and Trustor.
<br /> Compliance ❑e�auit. Failure to comp�y with any ather term, obligation, co�enan� or �onditian conta�ned in this
<br /> Deed o�Trust, the No�e or in any of�he R�[ated Docum�nts.
<br /> Defa�[t on�#h�r Payments. Failure of Trustor within the�ime r��uired by�h�s Deed of Trust to make any payment
<br /> far taxes or insurance, or any o�her payment necessary�o pre�ent�i�ing o�or ta e��ect discharge vf any lien.
<br /> Defau�t in Fa�o� of Third Parties. Should Grantor defaul� under any loan, extension o� credit, securi�y agr�ement,
<br /> purchase or sales agreement, or any o�her agre�m�n�, in fa�ar of any other cred�tor or p�rson that may mater�aily
<br /> affec� any �f Grant�r's property or Gran�or's abili�y to repay the Ind�btedness ar Grantor's ability �o per�Form
<br /> Grantar's obligat�ons under this De�d ofi Trus�or any of the Related Documents.
<br /> False Statements. Any warranty, representation or s�a�ement made or #urnished �o �ender by Trus�or or on
<br /> Trus�or's hehalf under�his Desd of Trus�or the Rela�ed DvCuments is false ❑r mis��ad'€ng in any material respect,
<br /> eithe�now or at fihe time mad� or furnished or bec�mes false or misfeading at any t�me therea�ter.
<br /> �etec�i�e Cvilatera�ization. This Deed of Trust or an� of the Rela�ed ❑ocuments ceases �a be in �ull force and
<br /> effec� 4including failur� o� any collateral document to crea�e a �alid and perfected security interest ar �ieny at any
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